European stocks seen slightly higher as traders await US-China talks

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European markets were seen opening slightly higher Tuesday morning as investors await news out of high-level trade talks between the U.S. and China, set to commence on Thursday.

Hopes for significant progress seemed to diminish on Monday after theover alleged involvement in the abuse of ethnic Uighurs in China's Xinjiang province.

Tensions between Washington and Beijing were further strained by controversy over a tweet from the general manager of the Houston Rockets, in support of pro-democracy protests in Hong Kong, wasAsian markets advanced on Tuesday with major indexes in Japan, South Korea, China and Hong Kong all trading higher, following a muted session on Wall Street. Trade hopes were also dampened by a report that Beijing was growing reluctant to agree to the broad trade deal pursued by President Donald Trump.

On the data front, German industrial output figures for August are due before the bell, with Europe's largest economy staring down the barrel of an industrial recession.

 

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